Tuesday, December 06, 2011


IWS Documented News Service
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor----------------------
Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau

European Foundation for the Improvement of Living and Working Conditions (Dublin Foundation)

European Monitoring Centre on Change (EMCC)

European Restructuring Monitor (ERM)


Public instruments to support restructuring in Europe - ERM Report 2011 [21 November 2011]




[full-text, 108 pages]


Executive Summary







Eurofound's ERM database on support instruments for restructuring provides information on about 400 measures in the Member States of the European Union and Norway. National governments, employers' organisations and trade unions are among the bodies providing support for companies that need to restructure and the affected employees. The support instruments are described in terms of their characteristics, involved actors, funding sources, strengths, weaknesses and outcomes. The aim is to inform governments, social partners and others involved about what kinds of support can be offered.



Author: Hurley John; Mandl, Irene



Structural change is a general characteristic of economic development, driven by shifts in relative productivity and demand, technological or socioeconomic changes. To adapt to a changing economic environment, companies undergo restructuring to maintain or improve their competitiveness and, hence, sustainability. While restructuring is essential to the dynamism of the European economy, it can entail difficulties for employees. The ERM annual report 2011 looks at the whole range of instruments available in the EU to mitigate the negative effects that it may have for both companies and employees and introduces around 400 of them in an online database. The ERM annual report also presents an overview and analysis of restructuring activities in Europe as captured by the European Restructuring Monitor (ERM). An executive summary and a database are also available.



Executive summary 1

1 — Introduction 5

Background and objectives 5

ERM database on support instruments for restructuring 6

2 — General characteristics of restructuring support instruments in Europe 11

Focus of restructuring support instruments 11

Involved actors 12

Funding 14

Adaptation to the recession 15

3 — Instruments to support the anticipation of change 17

Overview 17

Advice 18

Training 23

Provision of labour market information 26

Access to finance and attracting investors 28

Fostering innovation or internationalisation 30

Social dialogue and territorial coordination 32

4 — Instruments to support the management of restructuring 35

Overview 35

Training 36

Advice and matching 38

Remuneration subsidies 41

Working time flexibility 43

Access to finance 44

Social dialogue and territorial coordination 46

5 — Conclusion 49

General aspects 49

Anticipation of change 50

Management of restructuring 50

6 — EU labour markets: a hesitant recovery 53

Employment shifts by region 55

Employment shifts by sector 58

A model for analysing employment change 63

7 — Restructuring in the recovery: the European Restructuring Monitor 67

Overview of restructuring cases 67

Bibliography 77


Annex 1 85

Annex 2 87

Annex 3: Key to sector codes (intermediate NACE rev 2) in Figure 13

(Bubble chart) 91

Annex 4: The European Restructuring Monitor (ERM) 93



This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

Stuart Basefsky                   
Director, IWS News Bureau                
Institute for Workplace Studies 
Cornell/ILR School                        
16 E. 34th Street, 4th Floor             
New York, NY 10016                        
Telephone: (607) 262-6041               
Fax: (607) 255-9641                       
E-mail: smb6@cornell.edu                  



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